COUNTRY • EGYPT
Last Update: 27 Nov 2022 0:16 GMT+0

The Egypt 10Y Government Bond has a 19.596% yield.

10 Years vs 2 Years bond spread is 40 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 13.25% (last modification in October 2022).

The Egypt credit rating is B, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 542.70 and implied probability of default is 9.04%.

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Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
3 months 17.992% +98.3 bp +411.5 bp 25 Nov
6 months 19.030% +138.7 bp +544.2 bp 25 Nov
9 months 18.211% +0.6 bp +413.6 bp 25 Nov
1 year 18.280% -34.5 bp +438.3 bp 84.55 +0.30 % -3.70 % 25 Nov
2 years 19.196% -23.8 bp +287.0 bp 70.38 +0.40 % -4.76 % 25 Nov
3 years 19.296% -17.1 bp +265.6 bp 58.90 +0.43 % -6.54 % 25 Nov
5 years 19.417% +25.6 bp +260.5 bp 41.18 -1.06 % -10.44 % 25 Nov
7 years 19.621% +71.1 bp +278.0 bp 28.53 -4.10 % -15.19 % 25 Nov
10 years 19.596% +88.6 bp +272.4 bp 16.70 -7.17 % -20.59 % 25 Nov
Last Update: 27 Nov 2022 0:16 GMT+0

Egypt Yield Curve Analysis

Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases. For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive. If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
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Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (13.25%)
3 months 1 year 2 years 5 years
10 years 19.596% 634.6 bp
5 years 19.417%
616.7 bp
2 years 19.196%
594.6 bp
1 year 18.280%
503.0 bp
3 months 17.992%
474.2 bp
Focusing on 2 years Government Bond:
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2Y vs 1Y 91.6 bp Normal Convexity in Short-Term Maturities
5Y vs 2Y 22.1 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 40 bp Normal Convexity in Long-Term vs Short-Term Maturities

Egypt Credit Ratings

A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation). For a deeper analysis of credit ratings, click here Egypt Credit Ratings History
Rating Agency Rating Outlook
Standard & Poor's
B
-
Moody's Investors Service
B2
negative
Fitch Ratings
B+
negative
DBRS
-
-

Egypt Interest Rates

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
Interest Rates Value
Central Bank Rate 13.25%

Egypt Credit Default Swaps

The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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Credit Default Swap CDS Value Var % 1W Var % 1M Var % 1Y Implied PD(*)
5 Years CDS 542.70 0.00 % +23.55 % +23.55 % 9.04 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Egypt 10Y Bond Yield Spread

The Egypt 10Y Government Bond has a 19.596% yield. Click on Spread value for the historical serie.

A positive spread, marked by , means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.

Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
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Egypt 10Y vs Current Spread Chg 1M Chg 6M
Japan 10Y 1934.1 bp +87.6 bp +269.2 bp Compare
Germany 10Y 1762.6 bp +87.9 bp +173.0 bp Compare
France 10Y 1716.2 bp +92.4 bp +178.4 bp Compare
China 10Y 1675.5 bp +74.6 bp +263.3 bp Compare
Canada 10Y 1665.8 bp +114.7 bp +257.6 bp Compare
Spain 10Y 1664.1 bp +93.9 bp +185.7 bp Compare
United Kingdom 10Y 1648.5 bp +122.4 bp +153.7 bp Compare
Australia 10Y 1600.4 bp +106.4 bp +238.1 bp Compare
United States 10Y 1590.5 bp +112.4 bp +177.6 bp Compare
Italy 10Y 1574.7 bp +101.5 bp +177.1 bp Compare
India 10Y 1229.5 bp +99.7 bp +277.3 bp Compare
Russia 10Y 952.6 bp +64.6 bp +216.4 bp Compare
Brazil 10Y 594.0 bp -64.7 bp +150.1 bp Compare

Egypt Government Bonds Prices

Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on for a forecast of the yield.
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Residual
Maturity
Yield Bond Price - with different Coupon Rates Fx
0% 1% 3% 5% 7% 9%
10 years 19.596% 16.70 20.96 29.46 37.96 46.46 54.96
7 years 19.621% 28.53 32.18 39.46 46.74 54.03 61.31
5 years 19.417% 41.18 44.21 50.27 56.33 62.38 68.44
3 years 19.296% 58.90 61.03 65.29 69.55 73.81 78.07
2 years 19.196% 70.38 71.93 75.01 78.10 81.18 84.27
1 year 18.280% 84.55 85.39 87.08 88.77 90.46 92.15
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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